Call for Applications: BML Scholarship Fund Programme (Maldives)

Fields of study

• Eligible candidate must apply to pursue Undergraduate Studies in banking and finance related field. This could be, and is not limited to:
  • Banking
  • Finance
  • Accounting
  • Financial Technology
  • Financial Engineering
  • Risk management
  • Financial reporting and analytics

What does it cover?

• The programme covers the following items:
  • Tuition fees
  • Monthly stipend commensurate with the cost of living of the country of study
  • Visa fees
  • Yearly book allowance
  • Establishment allowance
  • Economy class return air tickets
• Scholarship scheme funds will be disbursed according to a pre-agreed schedule.

Duration

• The scholarship offer is valid for 12 months from the date of receiving the offer letter issued by BML.

Eligibility Criteria

• Must be a Maldivian citizen aged between 18-25 years old.
• Must have completed High Secondary Education (A levels) and have passed in all subjects.
• Must choose a university undergraduate degree programme in a banking and finance related area from any of the top 200 universities listed in the Time Higher Education University Rankings guide.
• Must not be in receipt of any other scholarship at the time of application and during study.
• This program does not cover the candidate’s family expenses, extracurricular training expenses, language courses, and any additional travel expenses during the study program.
• Candidates should bear the tuition or exam fees for any re-sits required.
• Selected candidates must have an account with BML.

Terms & Conditions

• Candidates must sign the BML’s Scholarship Agreement stating their commitment to their studies and serve the country upon graduation.
• Candidates must devote themselves to their studies on a full-time basis, without interruption and provide BML with progress reports on their studies on a regular basis.
• Candidates must respect the laws of the country of study and maintain good personal and professional conduct.
• Candidates should not accept any other scholarship program or employment during the course of the study.
• Must be medically fit and willing to undergo medical tests after selection.
• Candidates seeking “leave of absence” from study due to unforeseen circumstances whilst in receipt of a scholarship must provide written evidence and get prior consent from the Bank and the university. Any such request will be reviewed by the Bank on a case-by-case basis and the Bank’s decision is final.

For more information, visit Bank of Maldives (BML).